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Indonesian Neobank KOMUNAL Gears Up for Expansion with US$5.5M Funding

Fintech News

The fundraise also saw participation from several venture capital firms including Jafco Asia, Skystar Capital, Sovereign Capital, and Gobi Partners. We will continue to innovate and bring meaningful impacts to Indonesia’s massive population base, especially the underserved yet promising MSMEs in tier 2 and 3 cities.”

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The Rise of Decentralised Finance (DeFi) Platforms in Emerging Markets

Fintech Review

As a result, DeFi is gaining traction rapidly due to its ability to provide financial services to those who have been historically underserved by conventional banking systems. Potential for Financial Inclusion: Bridging the Gap DeFi holds immense promise for fostering financial inclusion by providing services to underserved populations.

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SFF 2024 Awards Highlights Fintech Innovation with Updated Categories, New AI Focus

Fintech News

This year’s awards are also supported by 12 fintech community members, including Ripple, NETS, ADVANCE.AI, and HSBC, as part of the ‘Fintech Gives Back’ initiative, aimed at encouraging innovation and supporting emerging talent. Ripple, NETS, Syfe, and YouTrip returned as sponsors this year.

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American Fintech Council Calls for Treasury to Back Innovation by Enhancing Regulatory AI Clarity

The Fintech Times

In response to this, the American Fintech Council (AFC) sent a letter detailing its recommendations to develop regulations for AI and to increase clarity for industry participants. The post American Fintech Council Calls for Treasury to Back Innovation by Enhancing Regulatory AI Clarity appeared first on The Fintech Times.

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IFC Invests US$23.8M in Thai Credit Bank to Support Women-Led MSMEs

Fintech News

Additionally, the bank plans to innovate new products targeting this vital economic segment, with a keen emphasis on enterprises owned or led by women. IFC has been a great partner in promoting financial inclusion, differentiating Thai Credit from other market participants,” said Roy Agustinus Gunara, Managing Director of Thai Credit.

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NOW Money Partners with Mastercard to Empower Customers with Enhanced Financial Access

Fintech Finance

This move aligns with NOW Money’s mission to offer inclusive financial solutions to underserved communities and improve the financial well-being of its users across the GCC.

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18 Corporate Innovation Labs In Healthcare

CB Insights

One solution: in-house healthcare innovation labs. We put together a list of healthcare innovation labs from new entries to the field, as well as some of the oldest — and most familiar — names in health. Sometimes corporate innovation goes wrong , and we’ve written about corporate innovation theater before.